Solution introduction
A bank’s close-of-business (COB) process can be time-consuming, error prone and unpredictable
A single operational issue can delay the COB process and place the timely start-of-day at risk, resulting in additional time pressure on transactions and potentially impacting the bank’s customers
In many cases, manual errors are delaying the COB process; for example, administrators need to monitor each process in real time but quite often they are left waiting while manual hand-offs are completed.
In order to mitigate such risks and errors, Validata enables real-time COB monitoring for Temenos Core Banking environments allowing users to have visibility of their system behaviour and manage COB related tasks more effectively. The solution allows Operators to identify issues proactively, thus ensuring timely completion in order not to affect the start of the next business day.
